Circle’s stock rally pushes Jeremy Allaire’s net worth to almost $3 billion

Circle CEO Jeremy Allaire’s net worth has reached almost $3 billion amid the stock’s 400% jump since its June debut.

Circle, the issuer behind the world’s second-largest stablecoin USDC, has gained popularity among institutions in the last few years. Amid growing adoption of stablecoins, USDC’s market cap has reached $68 billion, up 100% from $34 billion in August 2024.

Jeremy Allaire, who is also co-founder and chairman of Circle, is one of the key shareholders of the company that made its public debut on 5 June.

Jeremy Allaire’s current net worth stands at around $2.8 billion, making him one of the richest billionaires in crypto, ahead of South Korean crypto billionaire Song Chi-hyung, according to Forbes.

Jeremy co-founded Circle in 2013. Prior to that, he was founder, chairman, and CEO of technology firm Brightcove.

His career also includes almost two years at Macromedia as chief technology officer from 2001 to 2003.

Last week, Circle announced the pricing of its public offering of 10,000,000 shares of its Class A common stock at a public offering price of $130 per share. Circle is offering 2,000,000 shares of Class A common stock and the selling stockholders are offering 8,000,000 shares of Class A common stock.

The closing of the offering is expected to occur on 18 August.

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